Ethan Allen Interiors Inc. (NYSE: ETD) announced a $3.00 per share special cash dividend, representing a total payout of approximately $76 million. The dividend is scheduled for a record date of September 3, 2026, with payment set for September 17, 2026.
The company also reaffirmed its debt-free financial position, highlighting a balance sheet with no outstanding obligations. Over the past decade, Ethan Allen has returned more than $402 million to shareholders through cash dividends, including $46 million in fiscal 2026 and $50 million in fiscal 2025.
Fiscal 2026 performance metrics reflected strong profitability, with a consolidated gross margin of 61.2% and an operating margin of 7.8%. Cash generated from operating activities totaled $52 million, while $46 million was distributed as cash dividends. During the fourth quarter, the company repurchased 250,000 shares.
Operations remain centered in North America, where Ethan Allen operates 171 retail design centers—141 company-operated and 30 independently owned. Approximately 75% of its furniture is manufactured in eleven North American plants. Over the past five years, the company has invested more than $59 million in capital expenditures, including $11 million in fiscal 2026. Near-term expansion plans include opening five new design centers.
Chairman, President and CEO Farooq Kathwari stated, 'Our Board's decision to declare this special dividend reflects Ethan Allen's strong cash generation, debt-free balance sheet, sustained levels of profitability and confidence in our long-term strategy.' The company intends to file a proxy statement with the SEC ahead of the 2026 Annual Meeting of Stockholders.
